18 July 2023
Vancouver, B.C., July 18, 2023 – Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum” or the “Company”) announces that it has commenced a 2,000 metre drill program on its Thelon Basin uranium project located 100 km west of the Hamlet of Baker Lake, Nunavut. Forum holds a 100% interest in 95,000 hectares of ground that Cameco Corporation formerly held and extensively drilled from 2008 to 2012 adjacent to Orano’s 133 million pound Kiggavik uranium deposit (Figure1).
Dr. Rebecca Hunter, Forum’s VP, Exploration stated, “Forum’s Nunavut Uranium Project in the Thelon Basin is a geologic analogue to the prolific Athabasca Basin for large, high grade, unconformity-related uranium deposits. Forum’s initial drill program will focus on further delineation of the Tatiggaq deposit and if time permits, Forum will test one or two of over twenty other high-priority targets on the property.”
The Tatiggaq deposit occurs five kilometres west of the nearby Andrew Lake deposit on Orano’s mining lease (Figure 2). Mineralization occurs in two zones - the Main and West Zones that average 30 metres in thickness between 80 and 180 metres in depth with strike lengths of 80 and 60 metres respectively. The deposit remains open for extension along strike and to depth within a large gravity anomaly that is 0.7 km wide by 1.5 km long.
About Forum Energy Metals
Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) is a diversified energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan, Canada’s Number One Rated mining province for exploration and development, a strategic uranium land position in Nunavut and a strategic cobalt land position in the Idaho Cobalt Belt.